Ukraine comes to Davos in first spring gathering of business leaders

div classBodysc17zpet90 cdBBJodivpBy Sabine Sieboldp

pDAVOS, Switzerland Reuters – Russia would normally have its own “house” at the World Economic Forum as a showcase for business leaders and investors.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pThis year the space on the dressedup main street in Davos has been transformed by Ukrainian artists into a “Russian War Crimes House”, portraying images of misery and devastation.p

pRussia has denied allegations of war crimes in the conflict.p

pUkraine is top of the agenda for the fourday meeting of global business leaders, which kicks off in earnest on Monday with a video address by Ukrainian President Volodymyr Zelenskiy.p

pAs the WEF meeting emerges from a coronavirus pandemic hiatus of more than two years, a deferral from January to May means that attendees are surrounded by spring flowers and verdant slopes rather than navigating icy streets.p

pBut not only the weather is different in 2022, with Russian politicians, executives and academics entirely absent.p

pRussian institutions such as its sovereign wealth fund, state banks and private companies have in previous years thrown some of the most glitzy parties, serving black caviar, vintage champagne and foie gras.p

pThey even hired Russias most prominent musicians and pop stars to perform for top chief executives.p

pMARKET MELTDOWNp

pAside from the Ukraine crisis, the postpandemic recovery, tackling climate change, the future of work, accelerating stakeholder capitalism and harnessing new technologies are among the topics scheduled for discussion at Davos.p

pEuropean Commission President Ursula von der Leyen, German Chancellor Olaf Scholz and NATO SecretaryGeneral Jens Stoltenberg are among the leaders due to address the meeting. p

pOn the business agenda, discussions are likely to focus on the souring state of financial markets and the global economy. p

pAfter a sharp bounceback from the downturn triggered two years ago by the onset of the coronavirus pandemic, there are now myriad threats to that recovery, leading the International Monetary Fund to downgrade its global growth forecast for the second time since the year began.p

pInflation from hobbled supply chains emerged as a problem last year, in economies such as the United States in particular. p

pThat has been compounded since the beginning of 2022 by events including Russias invasion of Ukraine and waves of COVID19 lockdowns across China that have stalled a recovery.p

p‘DEFINE TOMORROW’p

pThe Ukrainian artists are hoping to get their message of fighting for a better future to world leaders in Davos.p

pVisitors are confronted by images such as a badly burned man in Kharkiv after Russian shelling and a film made up of thousands of pictures of dead civilians and bombed houses.p

p“This is a place where all influencers and all decisionmakers of the world come together,” the artistic director of the Pinchuk Arts Centre in Kyiv, Bjorn Geldhof, told Reuters TV.p

p“What is happening in Ukraine will define tomorrow.”p

pRussian President Vladimir Putin calls the invasion of Ukraine a “special military operation” to disarm the country and rid it of radical antiRussian nationalists. p

pUkraine and its allies have dismissed that as a baseless pretext for the nearly threemonthold war, which has killed thousands of people, displaced millions and shattered citiesp

pWhile the WEF meeting may not be back to prepandemic levels, with Zurich airport expecting flights numbers of about two thirds of previous levels, its return comes as a welcome relief to the ski resorts hotels and restaurants.p

p“It is another step back to normality,” Samuel Rosenast, spokesperson for the local tourism board, said last week.p

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pp Reporting by Sabine Siebold, Dmitry Zhdannikov, Dan Burns, Tara Oakes Editing by Alexander Smithp

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